Stocks have turned mixed in early trading on Friday, with the major averages moving in opposite directions after moving sharply higher in the previous session. The mixed open comes as traders digest earnings news from big-name companies such as General Electric (GE) and Citigroup (C).
A mixed performance by the major sectors is contributing to the lack of direction being shown by the broader markets. While real estate, airline, and computer hardware stocks are under pressure, housing, railroad, and natural gas stocks are posting strong gains.
The major averages are currently stuck on opposite sides of the unchanged line, with the Dow clinging to a modest gain. The Dow is currently up 4.94 at 8,130.37, while the Nasdaq is down 8.78 at 1,661.66 and the S&P 500 is down 1.29 at 864.01.
For comments and feedback: contact firstname.lastname@example.org